Quote from: stompix on October 28, 2023, 02:55:20 PM

Quote from: Despairo on October 28, 2023, 09:58:36 AM

It's why 1 BTC = 1 BTC, not 1 BTC = $34,000 or anything else.

If 1 BTC = 1 BTC, then I assume you're not hoping for anything from an ETF or the halving as even with those 1 BTC =1 BTC!
Actually, if you don't care about the value at all, what are your expectations from BTC ? Grin

Let's drop the act, 1BTC=1BTC only when we're in a bear market, when it's bull season is only $$$$$$$$ from dawn till dusk and all night long!
Assuming Bitcoin drops to 1000$, but since the price in $ is irrelevant, you will still think 0.03 BTC a month is good for a wage, right?

As funny as it sounds, it is true. The idea of 1 BTC = 1 BTC is always like a statement of comfort when we are in the bear market. But whenever we are in bulk market, you will begin to hear statements like, "are you aware that 1 BTC is snow equal to $70k?
It is true that bitcoin stands alone but it still needs something to measure it's value against and dollars is the more unified fiat to do that. Maybe if there is a need not to pair bitcoin and dollar, we could measure bitcoin with Gold.

Quote from: Findingnemo on October 27, 2023, 06:51:25 PM

The actual value of bitcoin lies on the demand and supply, just like gold and every other real asset whereas fiat doesn't hold any value but just a promise from your central banks that this paper holds the promised value.

What value are you talking about? I can even say that fiat holds more value than bitcoin because it is a legal tender and it is also tangible. It is a national identity. Gold is a real asset and not bitcoin. We are here for bitcoin because it is volatile and decentralized.